Mindjumpers

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Why Social Media is not a Cheaper Alternative > $5 [part II]

Mindjumpers

As mentioned in Part I , Dennis Yu’s (very good, must read) article on How to Run an Effective Facebook Campaign for $5 discusses the costs of specific activities (ads) in social, but annoyingly like many other articles, fails to address that social media, when done right, actually costs. Measurements.

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Four Metrics for Measuring Social ROI

Mindjumpers

Additionally, analyzing real-time social media sentiment, by using social media management systems to track down all mentions of the brand’s name, will provide insights on the brand’s reputation and how its name is being perceived. Marketers can monitor the performance (reach, engagement rates, sentiment etc.) Crowdsourcing.

ROI 245
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Understanding Social Media ROI Cycle

Mindjumpers

and about 10% on qualitative metrics such as brand sentiment , survey results and customer polls. This is the stage where companies analyse the customer life time values and actually start comparing it to the acquisition cost. Another 25% of a company’s focus is on improving conversion and optimization of campaigns.

ROI 244